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Posted: Wed Jan 30, 2008 10:43 pm
by Welsh Boy
Reading through the posts on this site on a regular basis it seems like a roller coaster ride that we go through, some of us just beginning the road to rehabilitation (financially), others just coming to the end of the road much wiser and weathered.

I wanted to share with you a true account of clients of mine who I first met 8 years ago. They were at the beginning of the road some of you are now taking the first steps along, and they too were worried, about the house,their employment etc. they had 2 young children and numerous financial commitments.

They went into an IVA with the usual concerns and I can remember the phone calls that I used to get from them during the process often going on long into the night.

This couple have become very good friends over the years and we were talking about the first time we had met and the worries that they had.

They are running, owning and managing a very sizeable and profitable business and told me they now both earn 6 figures. Drawing a line when they went into the IVA and moving onwards and upwards they tell me was one of the best decisions they made.

The ironic thing is the business that they now run is in a completely different type of work they had ever been in before, they used the iva years they say, to evaluate what they actually wanted to try to do.

This type of site was never around back in those days but by drawing on each others experiences and learning from them anything is achievable.I read somewhere recently that most of the top earners in the USA were once bankrupt, so "say it believe it and achieve it".

Posted: Wed Jan 30, 2008 11:01 pm
by MelanieGiles
What an encouraging post to share with us Tony, and thank you for taking time to write it. At the end of the day bankruptcy does not seem to have done Simon Cowell any harm does it??

Posted: Thu Jan 31, 2008 11:55 am
by Skippy
That's really inspiring Tony. My year as 'a bankrupt' is almost up and it's taught me a lot about myself and I actually think I'm a better person for it - I'm far less materialistic now, and much more satisfied with my life in general.

Posted: Fri Feb 01, 2008 4:57 pm
by ray_a
I echo that sentiment as well.

Being self employed and having no credit makes you work out the priorities.

The thing that I found most helpful was designing a spreadsheet showing how much I have and what I need to pay out which really hurts at the begining of the month and challenges me to get the money in and plan as to where I can get the work done which assists the cash flow!

Posted: Fri Feb 01, 2008 7:11 pm
by Dee
Hi

I am starting an ITQ course and one of the modules is Spreadsheets. This is the perfect opportunity to create a spreadsheet for my spending (and for the first time in my life saving). Can anyone offer any advise on how they would operate such a spreadsheet?

Dee

Posted: Sat Feb 02, 2008 2:13 pm
by Adam Davies
Hi
Great post Tony
Regards

Posted: Sun Feb 03, 2008 10:55 pm
by Lisa2009
Just goes to show how you can turn your life around from debt and despair to something completely the opposite. If i could have a wish list and have just one granted, it would be to spread some of that luck to the forum members who have become "friends" over the past months.

mrs skint